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A Giffen good must be an inferior good, but an inferior good need not be a Giffen good. Explain this statement fully, using the concepts
A Giffen good must be an inferior good, but an inferior good need not be a Giffen good." Explain this statement fully, using the concepts of income and substitution effects.
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
